The ASX share market is a great place to find potential investments that could deliver significant returns in a relatively short amount of time.
Few businesses deliver a return of 100% or more in a single year, so just because analysts think a stock can at least double in 12 months doesn’t mean that will happen, or that the return will even be positive.
But there are a few names that experts are very optimistic about, so let’s take a look at them.
Megaport Ltd (ASX: MP1)
This ASX tech share enables clients to quickly connect to hundreds of data centres around the world. It has a truly global presence in regions like the Americas, Asia Pacific, and EMEA (Europe, the Middle East and Africa).
In the recent FY26 half-year result, the ASX share reported revenue growth of 26% to $134.9 million, with net revenue retention of 111% and annual recurring revenue (ARR) growth of 19%, implying pleasing revenue growth from its existing client base.
According to CMC Invest, there have been nine recent expert ratings on the business, with eight of those being a buy. Of the nine ratings, the average price target is $15.84, implying a possible rise of around 110% from current levels.
Xero Ltd (ASX: XRO)
Xero is one of the world’s largest cloud accounting software providers, with a presence in a number of countries like Australia, New Zealand, the UK, the US, Canada, South Africa, and Singapore.
The ASX share is growing at a rapid pace â in the HY26 result, operating revenue rose 20% to NZ$1.19 billion and free cash flow surged 54% to NZ$321 million.
According to CMC Invest, there have been seven recent ratings on the business, with an average price target of $158.22. That implies a possible increase of just over 100% from where it is today.
Qoria Ltd (ASX: QOR)
Qoria describes itself as a global technology company that’s keeping children safe and well in their digital lives. It says it has supported 32,000 schools across four continents and kept 30 million children safe. The ASX share provides a parental control platform in an app.
In the FY26 half-year result, the ASX share reported that its revenue increased by 25% to $69 million, and underlying operating profit (EBITDA) jumped by 68% to $10.3 million, which is a strong rate of expansion.
According to CMC Invest, there are currently five buy ratings on the business, with an average price target of 65 cents, which implies a possible rise of approximately 110% in the year ahead.
The post 3 ASX shares tipped to grow 100% or more in the next 12 months appeared first on The Motley Fool Australia.
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Megaport and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.